Transaction confirmation provides an additional level of security on top of authentication for things like online payments.
Transaction confirmation is a level of security required for certain financial transactions and information updates. It is used when users have to check and confirm specific information on top of authentication. Transaction confirmation increases protection against potential fraudulent attacks, which might be caused by malware.
Examples of possible transaction confirmations:
The users receive this information and then confirm with a fingerprint or pin that they have read and accepted it.
80%
Nevis secures 80% of all Swiss e-banking transactions.
The Fast Identity Online Alliance (FIDO) developed a protocol to define and standardize transaction confirmations together with passwordless authentication. Nevis mobile authentication supports scenarios like these, thus making transaction confirmation an additional hurdle for attackers. Even if the login is hacked, transaction confirmation prevents additional damage. Because without confirmation, the process requested by the attacker cannot be carried out.
Nevis offers generic transaction confirmations in its mobile access app. This goes beyond payment transaction confirmations to include agreements of terms or consents to data usage. It enables online service providers to request cryptographically signed, legally binding transaction confirmations. This is required by new regulations like GDPR and PSD2 or national requirements like collecting consent for the processing of health information.
Companies for which the highest level of security for customer transaction matters – like banks, where the user has to review the amount after authentication, or webshops, where the purchase has to be confirmed. Mobile applications from public institutions also stand to benefit from added security, for example when submitting tax declarations.
«The ongoing development of the HIN platform is taking place in close cooperation with Nevis. Our mutual goal is and remains the digitalization of the Swiss healthcare system and the continued push for the added user convenience and efficiency that come along with it.»
Access management in combination with identity management makes it possible to grant or revoke user access to digital data, services, and applications.
Identity management matches user identities with their respective user rights and facilitates access to the approved resources.
Passwordless authentication facilitated by tools like Face ID or fingerprints increases security and user-friendliness.
Authentication using a number of different methods increases security compared to systems with simpler password authentication.
Optimal data protection and transparency for users thanks to simple consent/rejection of terms and conditions and automatic compliance with all guidelines.
Transaction confirmation provides an additional level of security on top of authentication for things like online payments.
Anomalies in user behavior can be detected with user behavior analytics to prevent and avert unauthorized data access.
Integrated fraud detection monitors all user activities during a session and generates a risk assessment for fraud prevention.
Self-services offer users the option to manage their data and user account settings themselves.
Best-in-class companies have transformed their organization by focusing on the customer. Nevis helps you deliver an exceptional cross-channel customer experience that is more human and efficient - from the first trusted, hyper-personalized experience to a happy customer and beyond.